Ireland: Smart Card Market 2024

Smart Card Market Size in Ireland

The Irish smart card market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption showed strong growth. Smart card consumption peaked in 2022 and is expected to retain growth in the immediate term.

Smart Card Production in Ireland

In value terms, smart card production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Smart Card Exports

Exports from Ireland

For the third consecutive year, Ireland recorded growth in shipments abroad of cards incorporating an electronic integrated circuit (smart card), which increased by X% to X units in 2022. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, smart card exports soared to $X in 2022. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Spain (X units), the UK (X units) and France (X units) were the main destinations of smart card exports from Ireland, together accounting for X% of total exports. Germany, Switzerland, Belgium, Sweden, the Czech Republic, Qatar, Romania, the United Arab Emirates, Austria and Poland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for smart card exported from Ireland were Germany ($X), the UK ($X) and Spain ($X), together accounting for X% of total exports. France, Switzerland, Qatar, the United Arab Emirates, Austria, Poland, Belgium, Romania, Sweden and the Czech Republic lagged somewhat behind, together comprising a further X%.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average smart card export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Smart Card Imports

Imports into Ireland

In 2022, the amount of cards incorporating an electronic integrated circuit (smart card) imported into Ireland surged to X units, picking up by X% against 2021. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, smart card imports soared to $X in 2022. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X units) constituted the largest smart card supplier to Ireland, with a X% share of total imports. Moreover, smart card imports from Singapore exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. The United States (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and the United States (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cards incorporating an electronic integrated circuit (smart card) to Ireland, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price faced a deep setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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